Resideo Technologies, Inc. (NYSE:REZI) Receives $49.00 Consensus Target Price from Brokerages

Resideo Technologies, Inc. (NYSE:REZI) has been given an average recommendation of “Hold” by the four research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $49.00.

REZI has been the topic of a number of recent analyst reports. Seaport Research Partners initiated coverage on Resideo Technologies in a research note on Wednesday, July 1st. They issued a “buy” rating and a $55.00 price objective on the stock. Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st.

Resideo Technologies Trading Up 1.8%

NYSE:REZI opened at $32.66 on Wednesday. Resideo Technologies has a 52 week low of $22.93 and a 52 week high of $45.29. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.19 and a current ratio of 2.07. The firm’s fifty day moving average is $32.40 and its 200-day moving average is $34.84. The firm has a market cap of $4.95 billion, a P/E ratio of -8.50 and a beta of 1.64.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. Resideo Technologies’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 earnings per share. Resideo Technologies has set its FY 2026 guidance at 3.000-3.200 EPS and its Q2 2026 guidance at 0.710-0.750 EPS. Equities analysts expect that Resideo Technologies will post 2.81 earnings per share for the current year.

Institutional Investors Weigh In On Resideo Technologies

A number of large investors have recently bought and sold shares of REZI. Larson Financial Group LLC boosted its position in shares of Resideo Technologies by 283.8% during the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock worth $25,000 after purchasing an additional 420 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Resideo Technologies in the 4th quarter valued at about $25,000. Danske Bank A S raised its stake in Resideo Technologies by 600.0% during the 4th quarter. Danske Bank A S now owns 700 shares of the company’s stock worth $25,000 after buying an additional 600 shares during the period. McMillan Office Inc. bought a new position in Resideo Technologies in the fourth quarter worth approximately $33,000. Finally, Kestra Advisory Services LLC bought a new position in Resideo Technologies in the fourth quarter worth approximately $34,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.

About Resideo Technologies

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.